Will the Bank of Canada keep its key interest rate on Wednesday?

In January, the Bank of Canada raised interest rates for the eighth time in a row. (photo: The Canadian Press)

Ottawa — Alors that the taux d’intereret plus élevés commenced to porter leurs fruits for the Banque du Canada, les economists s’attendent généralement à ce que la banque centrale maintienne son taux d’interet directeur lords de la écision sur les taux de la Next week.

For the first time since last March, the Bank of Canada is supposed to announce on Wednesday that it will maintain its key interest rate, which currently stands at 4.5%.

In January, the Bank of Canada raised interest rates for the eighth time in a row and said it would pause to give the economy time to respond to higher borrowing costs.

The central bank stressed that the halt was conditional, leaving the door open for further interest rate hikes if necessary.

CIBC’s director of economics, Karen Charbonneau, says the Bank of Canada is likely pleased with recent economic data, which shows the economy is slowing and inflation is subdued.

Charbonneau said the Bank of Canada is likely to sit on the sidelines for some time unless inflation turns out to be stickier than expected.